The North Carolina Innovation Funds (the “Program”) are diversified investment partnerships (the “Partnerships”) sponsored by the North Carolina Retirement Systems. The Partnerships invest in companies and funds with significant operations in or a nexus to North Carolina.

The Partnerships make co-investments in portfolio companies, as well as maintain the flexibility to commit capital through investment funds, such as private equity funds, that invest primarily in such companies. Portfolio companies can be in a diverse range of industries, including but not limited to, healthcare, clean energy and technology.

The Partnerships target attractive risk-adjusted rates of return while seeking to support the economic well-being of the State of North Carolina. No assurance can be given that the Partnerships will achieve these objectives.

North Carolina Innovation Funds (the "Program")
ADDITIONAL TERMS AND CONDITIONS OF USE

1. Introduction

In order to submit a business plan to the Program, you must agree to abide by all of these Additional Terms and Conditions as well as the terms and conditions applicable to all users of the Web Site set forth in the Terms and Conditions. Please read these Additional Terms and Conditions carefully before submitting a business plan. By submitting a business plan, you indicate your acceptance of these Additional Terms and Conditions and the terms and conditions applicable to all users of the Web Site set forth in the Terms and Conditions. The Program may revise these Additional Terms and Conditions at any time by posting an update to this page. You should visit this page periodically, because your continued use of the Web Site following the posting of changes to these Additional Terms and Conditions will mean you accept those changes.

2. Non-Confidentiality

You agree not to submit any confidential information to the Program or GCM Grosvenor. You also agree that representatives of the Program or GCM Grosvenor may use any information that you submit to the Program for any purpose whatsoever and may disclose or otherwise make available any of such information to anyone, including third parties.